Shocking data released by RBI Governor on return of Rs 2000, 50 percent of Rs 2000 notes came in banks in 16 days

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Half of 2000 Notes Returned in Banks: On the evening of May 19, the Reserve Bank of India decided to withdraw 2000 rupee notes from circulation. Three days later, the May 23, 2000 notes were allowed to be deposited or exchanged in the bank.
While releasing the data of demonetisation, the RBI Governor has said that since May 23, 50 percent of the notes have been returned. The amount of Rs 2000 notes in the country is about Rs 3.62 lakh crore and half of this amount has returned to the banking system.
Governor of the Reserve Bank of India Shaktikanta Das said after the meeting of the Monetary Policy Committee on June 8 that so far notes of two thousand rupees worth about 1.8 lakh crore rupees have returned to the banking system.
In terms of value, this is almost half of the notes in circulation till March 31, 2023. He said that about 85 percent of Rs 2000 notes are being deposited in bank accounts, which is in line with our expectations.
2000 notes number in total notes 3.62 lakh crore – When RBI decided to withdraw 2000 notes from circulation, data shows that Rs 6.73 lakh crore notes were in circulation as of March 2018, out of total notes Rs 2000 was part of the notes of 37.3% By 31 March 2023, this number had declined to Rs 3.62 lakh crore. Out of this, 1.8 lakh crore rupees have been returned.
2000 note valid for transactions till September 30 – After the decision to withdraw the notes, the RBI governor said that those who have the 2000 note can easily deposit it in the bank from May 23 to September 30. Or exchange it for something else of value. To be exchanged with notes of value. Taking notes during this period is completely legal and no one can refuse to take 2000 notes.

The post Shocking data released by RBI Governor on return of Rs 2000, 50 percent of Rs 2000 notes came in banks in 16 days appeared first on Pro Punjab Tv.

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